State

Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results.

Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve.

Utah cleared its digital assets bill through the state house, and Kentucky and Maryland introduced their own efforts, making it 18 states working on such bills.

While regulators around the world ban Polymarket for being a gambling platform, attorney Aaron Brogan has a good argument for why it’s not.

Citing presidential candidate Donald Trump’s remarks on a U.S. strategic crypto reserve, Florida Chief Financial Officer Jimmy Patronis is pushing the idea for state pension funds.

The bill would require crypto services to share their users data with tax authorities.